Meeder Asset Management Inc. increased its position in Houlihan Lokey Inc (NYSE:HLI) by 911.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,757 shares of the financial services provider’s stock after purchasing an additional 9,694 shares during the period. Meeder Asset Management Inc.’s holdings in Houlihan Lokey were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HLI. Advisor Group Inc. lifted its position in shares of Houlihan Lokey by 2,125.0% in the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,720 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Houlihan Lokey by 12.3% in the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after buying an additional 570 shares in the last quarter. ETRADE Capital Management LLC purchased a new stake in shares of Houlihan Lokey in the third quarter worth about $250,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth about $261,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Houlihan Lokey in the third quarter worth about $356,000. Institutional investors own 35.21% of the company’s stock.

HLI has been the topic of a number of recent research reports. UBS Group upped their price objective on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and set a $49.00 price objective on shares of Houlihan Lokey in a research report on Friday, December 22nd. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Friday, January 12th. Finally, Bank of America upped their price objective on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $47.50.

Shares of Houlihan Lokey Inc (HLI) opened at $45.87 on Friday. Houlihan Lokey Inc has a 52-week low of $29.82 and a 52-week high of $52.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.92 and a current ratio of 0.77. The stock has a market capitalization of $3,033.47, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.42.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. equities research analysts predict that Houlihan Lokey Inc will post 2.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.

TRADEMARK VIOLATION NOTICE: “Houlihan Lokey Inc (HLI) Shares Bought by Meeder Asset Management Inc.” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/houlihan-lokey-inc-hli-shares-bought-by-meeder-asset-management-inc/1857159.html.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

Want to see what other hedge funds are holding HLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houlihan Lokey Inc (NYSE:HLI).

Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.